Bunge Q1 Earnings Smashes Estimates; Lifts FY22 Adjusted EPS Outlook

Bunge Ltd BG reported first-quarter FY22 sales growth of 22.5% year-on-year to $15.88 billion, beating the consensus of $14.80 billion.
Net sales from the Agribusiness segment improved 14.7% to $11.23 billion, and Refined & Specialty Oils jumped 45.9% to $3.97 billion.
Gross profit increased 5% Y/Y to $1.2 billion. Adjusted total segment EBIT amounted to $800 million, a 19.2% Y/Y increase.
The company held $406 million in cash and equivalents as of March 31, 2022.
Adjusted EPS of $4.26 beat the analyst consensus of $2.94.
Outlook: Bunge raised the FY22 adjusted EPS outlook to at least $11.50 (prior view at least $9.50), against the consensus of $11.04.
Bunge expects to incur capital expenditures of $650 million - $750 million.
Price Action: BG shares are trading higher by 0.12% at $115 in premarket on the last check Wednesday.

Momentum25.76

Growth20.49

Quality59.27

Value93.59

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